If compliance of “ Kyoto Protocol” is a problem, we have the solution!

Case Study: ALBERTA, CANADA

Impacts:

The Canadian economy will be more affected than that of any other country.
Alberta will experience the strongest impact because of its energy production and use of coal.
The Protocol could cost Alberta over eight billion dollars and thousands of jobs per year. A reduction in government revenues would have a negative effect on programs and services.

If the Kyoto Protocol is approved:

Industry will have to modify technologies, resulting in higher product prices,

Petroleum producers and other industries will have to purchase credits from countries not using their allotment,

$2 to $6 billion worth of credits may have to be purchased each year, with costs ultimately passed on to consumers,

Money spent on credits would leave Canada ,

Resources and products would become less competitive in global markets,

Industries that consume large amounts of energy would face rising prices,

Emission targets could make oil sands projects uneconomical to continue,

Investors would favour countries that do not have the extra costs associated with the Protocol, and

Jobs would be lost because of the difficulty of remaining competitive with the U.S. , our largest trading partner and a non-participant in the Kyoto Protocol.

All this would occur without making an actual or significant reduction in global emissions.

Despite being a small contributor (2%), Canada will pay heavily because of its fossil fuel, natural resource production. Estimates suggest the economic risk to Canada will be four times that of the European Economic Community and 10 times that of Japan .